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Three-agent Peer Evaluation

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  • Vicki Knoblauch

    (University of Connecticut)

Abstract

I show that every rule for dividing a dollar among three agents impartially (so that each agent's share depends only on her evaluation by her associates) underpays some agent by at least one-third of a dollar for some consistent profile of evaluations. I then produce an impartial division rule that never underpays or overpays any agent by more than one-third of a dollar, and for most consistent evaluation profiles does much better.

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File URL: http://web2.uconn.edu/economics/working/2008-28.pdf
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Bibliographic Info

Paper provided by University of Connecticut, Department of Economics in its series Working papers with number 2008-28.

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Length: 9 pages
Date of creation: Aug 2008
Date of revision:
Handle: RePEc:uct:uconnp:2008-28

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Postal: University of Connecticut 341 Mansfield Road, Unit 1063 Storrs, CT 06269-1063
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Web page: http://www.econ.uconn.edu/
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Keywords: division function; impartial; consensual;

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  1. T. Tideman & Florenz Plassmann, 2008. "Paying the partners," Public Choice, Springer, vol. 136(1), pages 19-37, July.
  2. Thomson, William, 2003. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: a survey," Mathematical Social Sciences, Elsevier, vol. 45(3), pages 249-297, July.
  3. de Clippel, Geoffroy & Moulin, Herve & Tideman, Nicolaus, 2008. "Impartial division of a dollar," Journal of Economic Theory, Elsevier, vol. 139(1), pages 176-191, March.
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Cited by:
  1. Boudreau, James W. & Knoblauch, Vicki, 2011. "Dividing profits three ways: Exactness vs. consensuality," Mathematical Social Sciences, Elsevier, vol. 62(2), pages 79-86, September.

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